Mozilla Could Walk Away and Still Get More Than $1 Billion If It Doesn't Like Yahoo's Buyer (recode.net)

Kara Swisher, reporting for Recode: Under terms of a contract that has been seen by Recode, whoever acquires Yahoo might have to pay Mozilla annual payments of $375 million through 2019 if it does not think the buyer is one it wants to work with and walks away. That's according to a clause in the Silicon Valley giant's official agreement with the browser maker that CEO Marissa Mayer struck in late 2014 to become the default search engine on the well-known Firefox browser in the U.S. Mozilla switched to Yahoo from Google after Mayer offered a much more lucrative deal that included what potential buyers of Yahoo say is an unprecedented term to protect Mozilla in a change-of-control scenario. It was a scenario that Mayer never thought would happen, which is why she apparently pushed through the possibly problematic deal point. According to the change-of-control term, 9.1 in the agreement, Mozilla has the right to leave the partnership if -- under its sole discretion and in a certain time period -- it did not deem the new partner acceptable. And if it did that, even if it struck another search deal, Yahoo is still obligated to pay out annual revenue guarantees of $375 million.

Comments

Re:that's a lot of $$ for nothing

[wile_e_wonka]

Marissa Mayer has to be post-menopausal and likely has short mannish hair. Bonus points if she's fat like all the other americans too!

Seriously? Live under a rock much? Not only does she have three very young kids, she is seriously attractive (in my opinion.... Actually, no, she is objectively, factually attractive). She might run tech companies equally as poorly as Meg Whitman, but she is way, way better looking than 99.8% of CEOs.